That seems to be the impression I'm getting. Now that the price of BTC has skyrocketed, more people are trying to get in on it, which means the diff will make it impossible for all but the largest operations to make money. Too bad I didn't get it on it years ago.

That seems to be the impression I'm getting. Now that the price of BTC has skyrocketed, more people are trying to get in on it, which means the diff will make it impossible for all but the largest operations to make money. Too bad I didn't get it on it years ago.

Like a lot of others have said up-thread, a lot of cloud mining operations are either outright scams or they werelegit at one time but the owners closed up shop and rode off into the sunset when their business model stoppedbeing profitable.

I am only using one right now and that is Genesis Mining. I've been with them for over a year. I'm testing a newsite, Metizer, but I've only been with them for a week or two so I can't speak to their legitimacy just yet.

A few member said Hashnest the reliable cloud mining so far, but it's been a long time for me to stay away from cloud mining mostly cloud mining I'm joined became scam, so that's why i'm not interest to join any cloud mining again, if you still want to join better to make research and asking to this forum is one of the best way to avoid the cloud mining scam.

Well most people do already answered the question regarding on this matter which is actually right that hashnest is the cloud mining that is still operating now and does have legit mining hardwares but putting up money on these services does have longer ROI.

A few member said Hashnest the reliable cloud mining so far, but it's been a long time for me to stay away from cloud mining mostly cloud mining I'm joined became scam, so that's why i'm not interest to join any cloud mining again, if you still want to join better to make research and asking to this forum is one of the best way to avoid the cloud mining scam.

True, but still there are peoples with their ego still invest on those Cloud mining for their own benefit. Don't invest all your money into cloud mining just little and you should take care with the site you do invest.

I am only using one right now and that is Genesis Mining. I've been with them for over a year. I'm testing a newsite, [name of probable scam], but I've only been with them for a week or two so I can't speak to their legitimacy just yet.

Regarding Genesis Mining: What was the cost of your mining contracts, and how much have they paid (in BTC, please)?

I am only using one right now and that is Genesis Mining. I've been with them for over a year. I'm testing a newsite, [name of probable scam], but I've only been with them for a week or two so I can't speak to their legitimacy just yet.

Regarding Genesis Mining: What was the cost of your mining contracts, and how much have they paid (in BTC, please)?

I bought .06 btc worth of sha256 hashing power (approx 0.35 Th/s) and they have paid out 0.04 BTC so far.

I am only using one right now and that is Genesis Mining. I've been with them for over a year. I'm testing a newsite, [name of probable scam], but I've only been with them for a week or two so I can't speak to their legitimacy just yet.

Regarding Genesis Mining: What was the cost of your mining contracts, and how much have they paid (in BTC, please)?

I bought .06 btc worth of sha256 hashing power (approx 0.35 Th/s) and they have paid out 0.04 BTC so far.

So, you have lost 30% so far. Do you expect to break even, given the ever-rising difficulty?

My mining calculator shows that you will break even only if the difficulty rises less than 2.5% each period for the next 18 months. Unfortunately, it has been rising at the rate of about 10% so far this year, which means that your mining fees will exceed your revenue in about 4 months, and you will never break even. Are your results the same?

I am only using one right now and that is Genesis Mining. I've been with them for over a year. I'm testing a newsite, [name of probable scam], but I've only been with them for a week or two so I can't speak to their legitimacy just yet.

Regarding Genesis Mining: What was the cost of your mining contracts, and how much have they paid (in BTC, please)?

I bought .06 btc worth of sha256 hashing power (approx 0.35 Th/s) and they have paid out 0.04 BTC so far.

Hope that helps!

Cynthia

Bro do you know any traders are selling old miners in Gulf region in Dubai. I have heard that it would cost big amount if I could purchase from Amazon and I need to pay international custom charges also there.Is it any possibilities to get from here. Please if any members in the forum also

Real cloud mining companies are rare. Even if they claim, that they work for let say 5 years, they can shut down the all mining and go away. This is in fact big problem in Bitcoin mining. Plus there is also profit problem - if you invest in cloud mining, what will be the ROI ? In real Bitcoin cloud mining ROI can be very low, because company will have own expenses, electricity etc.

I am only using one right now and that is Genesis Mining. I've been with them for over a year. I'm testing a newsite, [name of probable scam], but I've only been with them for a week or two so I can't speak to their legitimacy just yet.

Regarding Genesis Mining: What was the cost of your mining contracts, and how much have they paid (in BTC, please)?

I bought .06 btc worth of sha256 hashing power (approx 0.35 Th/s) and they have paid out 0.04 BTC so far.

So, you have lost 30% so far. Do you expect to break even, given the ever-rising difficulty?

My mining calculator shows that you will break even only if the difficulty rises less than 2.5% each period for the next 18 months. Unfortunately, it has been rising at the rate of about 10% so far this year, which means that your mining fees will exceed your revenue in about 4 months, and you will never break even. Are your results the same?

As long as they don't shut down anytime soon, I will eventually break even. It's certainly not a fast ROI byany stretch.

I am only using one right now and that is Genesis Mining. I've been with them for over a year. I'm testing a newsite, [name of probable scam], but I've only been with them for a week or two so I can't speak to their legitimacy just yet.

Regarding Genesis Mining: What was the cost of your mining contracts, and how much have they paid (in BTC, please)?

I bought .06 btc worth of sha256 hashing power (approx 0.35 Th/s) and they have paid out 0.04 BTC so far.

So, you have lost 30% so far. Do you expect to break even, given the ever-rising difficulty?My mining calculator shows that you will break even only if the difficulty rises less than 2.5% each period for the next 18 months. Unfortunately, it has been rising at the rate of about 10% so far this year, which means that your mining fees will exceed your revenue in about 4 months, and you will never break even. Are your results the same?

As long as they don't shut down anytime soon, I will eventually break even. It's certainly not a fast ROI byany stretch.

I'm curious why you invest in cloud mining when your goal is to just break even.

...What are some the real legit mining sites that will actually give you a return and might actually still be there years from now?

This subject has always generated several different points of view

I will give my point of view, I will not speak of technical aspects because I do not understand,

Months ago I invested in a legitimate cloud mining site and honestly I just had headaches.

Every day the balance of my account received a reduced value, at the time of withdrawing had a very large withdrawal rate, I gave up using legitimate mining cloud sites.

Yeah, right here is the biggest issue when it comes to the cloud-mining sites that are actually legitimate (or close to the definition of that) They're going to be making less and less money on a daily basis or at least have something that fluctuates on the downward trend due to the difficulty increasing.

Plus, they're only going to mine until the profitable ends for them they're not going to care that you bought a Lifetime plan or whatever bullshit you thought you got into. They're going to look out for themselves and only themselves, anyone that says otherwise is easily going to be lying straight out to you.

So in short, if the companies are legit they wont make you money and if they're not they'll just steal your money. Pick your poison when it comes to these shitty operations.

I see a lot of scam cloud mining websites that are really just HYIPs that will shut down after a month, take all the money, and start a new website. What are some the real legit mining sites that will actually give you a return and might actually still be there years from now?

Forget about cloudmining there is almost no way to tell the difference between a scammer and a legit business because it is simply not profitable anymore to do cloud mining.

Real cloud mining companies are rare. Even if they claim, that they work for let say 5 years, they can shut down the all mining and go away. This is in fact big problem in Bitcoin mining. Plus there is also profit problem - if you invest in cloud mining, what will be the ROI ? In real Bitcoin cloud mining ROI can be very low, because company will have own expenses, electricity etc.

That translates to the truth that never invest in cloud mining. I've lost a lot due to cloud mining contracts before & I'll not do that again ever. Period.